Binance Sharia Earn is a Sharia-compliant crypto staking platform that provides Muslim investors with the opportunity to earn passive income on cryptocurrencies like BNB, ETH, and SOL, while adhering to the principles of Islamic finance (avoiding Riba, Gharar, and Haram activities). This platform is certified by Amanie Advisors and operates under a fiduciary agreement, where Binance ethically manages your funds. Below is a simple guide in Urdu on how to use it:
1. **Create or log in to your Binance account**:
- Download the Binance app (iOS/Android) or visit www.binance.com.
- Sign up using your email or phone number and complete KYC (Know Your Customer) verification.
- Check if your country is supported, such as Pakistan, UAE, Saudi Arabia, or Indonesia.
2. **Go to Sharia Earn**:
- Go to the "Earn" section on the Binance app or website.
- Look for the "Sharia Earn" option, which will fall under staking or earning products.
3. **Select Supported Tokens**:
- Sharia Earn supports BNB (Binance Coin), ETH (Ethereum), and SOL (Solana).
- For BNB, you can select "Simple Earn Locked Products" (fixed periods of 15, 60, 90, or 120 days).
- For ETH and SOL, you will receive liquid staking tokens (WBETH or BNSOL), which appreciate in value over time and can be redeemed at any time.
4. **Stake Your Assets**:
- Choose the cryptocurrency (BNB, ETH, or SOL) and the amount you wish to stake.
- Select the staking option (locked for BNB or liquid for ETH/SOL).
- Confirm transactions through the Sharia Earn interface.
5. **Earn Halal Rewards**:
- BNB rewards are credited to your Spot Wallet daily, while ETH and SOL rewards are received in the form of appreciation in the value of WBETH or BNSOL.
- Rewards are variable (not fixed), which aligns with Sharia principles and are derived from halal blockchain protocols.
6. **Monitoring and Returns**:
- Track your rewards on the Spot Wallet or Sharia Earn dashboard.
- For liquid staking (ETH/SOL), you can redeem WBETH or BNSOL at any time. Rewards may be forfeited for early withdrawal from locked staking for BNB.
7. **Promotional Offers**:
- Binance offers millions of dollars in USDT rewards through leaderboards and referral programs. Check the latest app version for details.
**Key Features**:
- **Compliance with Sharia**: Certified by Amanie Advisors, free from Riba, Gharar, or Haram activities.
- **Transparency**: Funds are only used in halal blockchain ventures.
- **Flexibility**: Liquid staking for ETH/SOL allows withdrawal at any time, while BNB has fixed-term options.
- **Availability**: Available in 30+ countries, including Pakistan, UAE, and Saudi Arabia.
**Note**: Review terms, risks, and local regulations before staking. There are risks involved in cryptocurrency investments, and profits are not guaranteed.